JCB billionaire names youngest son chair in end to succession saga
The billionaire boss of JCB has appointed his youngest son co-chairman, ending a succession saga at the top of the digger manufacturer. The appointment of George Bamford, Lord Bamford’s third son, to co-chair from deputy chairman, ends a long-running race to take the reins of one of Britain’s most recognisable companies. Jo Bamford, the elder [...]
JCB's billionaire owner, Lord Bamford, has appointed his youngest son, George Bamford, as co-chairman to resolve a succession dispute at the British digger manufacturer. The move, which marks the first change at the company's helm in over five decades, comes as JCB reported a higher global market share in 2025 despite a lack of growth in North America.
Jo Bamford, the elder son of Lord Bamford, had initially been favored for the position but ultimately lost out to George. The appointment signals the company's commitment to its Staffordshire headquarters and the new Texas plant, which is set to create 1,500 jobs. Lord Bamford emphasized the importance of remaining a family business and expressed optimism about JCB's future prospects, stating that they are well-positioned to capitalize on upcoming opportunities.
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